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J.D Development Co., LTD (4402) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of J.D Development Co., LTD stock TWD 3.89, price TWD 11.65, that is 66.6% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Cyclical TW

JD J.D Development Co., LTD logo Thin data Nov 4, 2026

J.D Development Co., LTD

4402 · TWO
Very expensive, weak quality

Our calculation puts a fair price 67% below what the stock costs today.

Low debt
Quality 48/100
Fair value 3.89 TWD · Strongly overvalued
Weak Growth (revenue 3y −48.3 %/yr in TWD)
Loss-making · -49.2% net margin (TTM)
Negative free cash flow
Trails peers (2/10)
Narrow moat 8/100 · thin data
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

55.40 TWD 6.09 TWD Fair Value 3.89 TWD Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range 6.09 TWD – 55.40 TWD · fair‑value band 2.56 TWD – 4.86 TWD · the 11.65 TWD price screens above the 3.89 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

J.D Development Co., LTD, together with its subsidiaries, engages in the manufacture and sale of textile products in Taiwan and internationally.

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It offers nylon and polyester cloth, high tensile fishnet yarn, and nylon products; and epidemic prevention products, such as mask cleaning pads, gowns, flying suits, and face masks.

The company also engages in solar energy generation; and provides engineering, procurement, and construction services for small and medium solar stations and related equipment; and solar station management, maintenance, and cleaning services.

The company was formerly known as Fu Ta Material Technology Co., Ltd. and changed its name J.D Development Co., LTD in June 2024. J.D Development Co., LTD was founded in 1959 and is based in Kaohsiung, Taiwan.

Stock analysis

J.D Development Co., LTD (4402) currently trades at 11.65 TWD, while our model-based Fair Value estimate is 3.89 TWD, 67% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: 2.56 TWD (bear) to 4.86 TWD (bull), the price of 11.65 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

J.D Development Co., LTD reported revenue of 23.7M TWD in FY2025 versus 153M TWD in FY2021, a compound −37.3%/yr. Reported net income was −8.8M TWD in FY2025.

Key figures

Market cap 884M TWD (≈ $26.9M) Micro · P/S ratio 39.7 · EPS (TTM) −0.1600 TWD · Net margin −49.2% · Return on equity −1.9% · Return on assets (EBIT) −4.6% (5-year average) · Operating margin −104% · Revenue (TTM) 22.3M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).

What moves the price

The share trades about 43% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −8% fair-value upside, at −67%, 4402 screens richer than that median.

Fair Value models

Bear 2.56 TWD Fair Value 3.89 TWD Bull 4.86 TWD
Price 11.65 TWD · Downside -66.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) 2.56 TWD 3.89 TWD 4.86 TWD 54
All 1 models by family
Asset-Based
NCAV (Graham) 2.56 TWD 3.89 TWD 4.86 TWD 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 48/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 5
How much profit the company makes from its sales and capital
Quality Growth 56
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 60
Does it invest with discipline instead of growing at any price?
Low Volatility 72
How calm the share price moves, does not count
Price momentum 14
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 1
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+28.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−48.3%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−24.5% (2021) → −74.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

4402 screens overvalued: fair value 67% below the price. Compare with Tongkun Group →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Textile Manufacturing · 338 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 48 · Below median
Fair Value upside −66.6% · Bottom 25%
Profitability
Return on assets −1.4% · Bottom 25%
Net margin (12 months) −49.2% · Bottom 25%
Operating margin (12 months) −103.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 7.6% · Above median

Valuation Multiplesvs Textile Manufacturing median · lower = cheaper

P/B 1.48× · Pricier than median
P/S (12 months) 39.68× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 10
FUTURE (revenue growth)38 · sector 37
PAST (return on equity)0 · sector 18
HEALTH (low debt)100 · sector 95
DIVIDEND (yield)0 · sector 37

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Shenzhou International Group 2313 HK$42.12 HK$72.40 +72% vs 4402
K.P.R. Mill Limited KPRMILL ₹1,164 ₹1,604 +38% vs 4402
Inner Mongolia ERDOS Resources Co 600295 ¥14.81 ¥16.12 +9% vs 4402
Far Eastern New Century Corporation 1402 27.25 TWD 27.89 TWD +2% vs 4402
Ruentex Industries Ltd 2915 53.10 TWD 48.61 TWD −8% vs 4402
Tongkun Group 601233 ¥23.37 ¥14.51 −38% vs 4402
Zhejiang Orient Holdings 600120 ¥4.34 ¥2.40 −45% vs 4402
Albany International Corp AIN $67.28 $24.93 −63% vs 4402
HMT (Xiamen) New Technical Materials Co 603306 ¥44.18 ¥14.96 −66% vs 4402
Welspun Living Limited WELSPUNLIV ₹241.30 ₹47.77 −80% vs 4402

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J.D Development Co., LTD: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "J.D Development Co., LTD Fair Value". https://www.fairvalue-calculator.com/stock/4402

Frequently asked questions

Is J.D Development Co., LTD (4402) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 3.89 TWD versus a price of 11.65 TWD, about 67% lower (overvalued).
What is the fair value of 4402?
Our model-based fair value for J.D Development Co., LTD is 3.89 TWD (as of Nov 4, 2026), built from audited fundamentals. The current price: 11.65 TWD.
What is the quality score of 4402?
J.D Development Co., LTD has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for J.D Development Co., LTD (4402)?
Our model-based price target is the fair value of 3.89 TWD (as of Nov 4, 2026) from 1 valuation models. Cautious scenario 2.56 TWD, optimistic scenario 4.86 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the J.D Development Co., LTD stock forecast for 2026?
Our models put fair value at 3.89 TWD, about 67% lower versus a price of 11.65 TWD (overvalued). Cautious scenario 2.56 TWD, optimistic scenario 4.86 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of J.D Development Co., LTD (4402)?
J.D Development Co., LTD reported trailing-twelve-month revenue of about 22.3M TWD (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of J.D Development Co., LTD (4402)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For J.D Development Co., LTD it is 3.89 TWD per share (as of Nov 4, 2026), against a price of 11.65 TWD. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is J.D Development Co., LTD stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 4402 trades above its calculated fair value: price 11.65 TWD, fair value 3.89 TWD, a gap of about −67% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 4402?
No. The price is what the market pays today (11.65 TWD); the fair value is what the company's own numbers justify (3.89 TWD). For J.D Development Co., LTD the two are 7.76 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is J.D Development Co., LTD worth?
The market values J.D Development Co., LTD at about 884M TWD (market capitalisation, as of Nov 4, 2026). Per share that is 11.65 TWD; our models calculate a fair value of 3.89 TWD per share.
What do the bullish and bearish scenarios say about 4402?
Our models span a range for J.D Development Co., LTD: cautious scenario 2.56 TWD, base 3.89 TWD, optimistic 4.86 TWD per share (as of Nov 4, 2026, price 11.65 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of J.D Development Co., LTD (4402)?
Balance-sheet figures for J.D Development Co., LTD (as of Nov 4, 2026): return on equity −1.9%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 4402 from its 52-week high?
J.D Development Co., LTD trades at 11.65 TWD, about 43% below its 52-week high of 20.35 TWD and 2% above the low of 11.40 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3.89 TWD is for.
Which stocks are comparable to J.D Development Co., LTD?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, Far Eastern New Century Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is J.D Development Co., LTD stock attractive at the current price?
The data as of Nov 4, 2026: price 11.65 TWD, calculated fair value 3.89 TWD (−67%), Quality Score 48/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 4402 calculated?
We run J.D Development Co., LTD through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 3.89 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. J.D Development Co., LTD itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of J.D Development Co., LTD (4402)?
The closing price on Nov 6, 2026 was 11.65 TWD. Our model-based fair value is 3.89 TWD, about 67% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with J.D Development Co., LTD right now?
The price sits above even our optimistic bull case (4.86 TWD). The favourable scenario is already priced in. Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (2.56 TWD to 4.86 TWD) leaves room in how you read the outcome.

Key figures of J.D Development Co., LTD

How large is the market capitalisation of J.D Development Co., LTD (4402)?
The market capitalisation of J.D Development Co., LTD is 884M TWD (≈ $26.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of J.D Development Co., LTD (4402)?
The price-to-sales ratio of J.D Development Co., LTD is 39.7 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of J.D Development Co., LTD (4402)?
Earnings per share at J.D Development Co., LTD are −0.1600 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of J.D Development Co., LTD (4402)?
The net margin of J.D Development Co., LTD is −49.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of J.D Development Co., LTD (4402)?
The return on equity (ROE) of J.D Development Co., LTD is −1.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of J.D Development Co., LTD (4402)?
On an EBIT basis the return on assets of J.D Development Co., LTD is −4.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of J.D Development Co., LTD (4402)?
The operating margin of J.D Development Co., LTD is −104% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at J.D Development Co., LTD (4402)?
Revenue at J.D Development Co., LTD is growing +7.6% versus a year earlier (3y avg −48.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does J.D Development Co., LTD (4402) generate?
The free cash flow of J.D Development Co., LTD is −8.6M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does J.D Development Co., LTD (4402) carry?
The net debt of J.D Development Co., LTD is 201M TWD (fiscal year 2022). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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